(Reuters) - Federal loan rates effectively set a minimum price for a
crop.
Under the bill awaiting action in the Agriculture
Committee, peanut growers would see the same subsidies as now
-- a so-called direct payment of $36 per ton a year, a
marketing loan rate of $355 a ton and a "target price" of $495
a ton. If crop income is below the target, the government makes
additional payments.
Read more at Reuters.com Bonds News
crop.
Under the bill awaiting action in the Agriculture
Committee, peanut growers would see the same subsidies as now
-- a so-called direct payment of $36 per ton a year, a
marketing loan rate of $355 a ton and a "target price" of $495
a ton. If crop income is below the target, the government makes
additional payments.
Read more at Reuters.com Bonds News
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